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5 September 2024 | 2 replies
You won't be scaring away the seller, this is a completely normal thing to request and your broker should be the one prodding the seller's side for this info up front (especially if the seller's side hasn't provided it already with the marketing material at the very least).
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5 September 2024 | 4 replies
Doing a 203k on a multi can be challenging, depending on tenants so your best bet is to get one vacant, but then you are at a full loss while construction is going on.
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5 September 2024 | 20 replies
High property taxes in NJ can definitely make cash flow a challenge, especially if you’re trying to avoid over-leveraging.Given your goals, one strategy you might consider is diversifying into markets with lower entry costs and strong rental demand.
4 September 2024 | 4 replies
Being new, we do not know any mortgage agents and need one who can navigate this for us.
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5 September 2024 | 0 replies
Nearly one-quarter of family office have multiple 'branches' often to support the families in other countries.
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4 September 2024 | 3 replies
Not a major rehab - flooring, paint, and some misc. work - not a full blown renovation.PS: I wish BP could really have a search function because the current one sucks.
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5 September 2024 | 3 replies
@Ivana Ivanovic I would say 8% is low to cover both vacancy AND repairs.If you expect to incur just one month of rent lost every 12 months, you'd be looking at an 8.33% (1/12 of gross annual income) vacancy rate.And, even for a brand-new build, you're going to have some repair/maintenance costs as long as you've got human tenants.
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5 September 2024 | 5 replies
Once they did, they isolated the problem to one unit.
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4 September 2024 | 39 replies
If you owe $160,000 or more on such a home, even though you have $40,000 in equity you cannot obtain a home equity loan.Limits on the Number of Loans:Only one equity loan may be issued against a homestead at a time.
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4 September 2024 | 2 replies
One of the worst conditions we've bought properties in recently.The seller’s sister reached out to us, desperate for help.